WVC 18 B- 1 F- 9
§18B-1F-9. Legislative findings and intent; memorandum of
agreement required; terms and conditions; reports.
(a) The Legislature finds that the Technology Park is a
diversified, multi-tenant research, development and
commercialization park focused on energy, chemicals and other
sciences and technologies for the advancement of education and
economic development in West Virginia. The areas of primary
research and development include energy, chemicals and materials,
and biotechnology. It is the intent of the Legislature to provide
the commission with the tools needed to manage the Technology Park
and facilitate the translation of state investment dollars in
higher education and research into business and economic growth
that will provide tangible benefits for the citizens of the state.

(b) To achieve the goals set forth in this section, it is
essential that the commission include in its research and
development efforts the talents and expertise available at the
doctoral institutions and their research corporations. Therefore,
by July 1, 2011, the commission shall enter into a memorandum of
agreement with the research corporations to delineate the role each
party will play in furthering the goals of research and economic
development as set forth in this article. The agreement shall
focus on collaboration and cooperation among the commission and the
two research corporations.

(1) The agreement is not effective until all parties have
agreed to the included terms and conditions.

(2) The commission shall file a report, including a copy of
the completed agreement and any relevant documents, with the Joint
Committee on Government and Finance and the Legislative Oversight
Commission on Education Accountability by July 15, 2011.

(3) The agreement may be amended by mutual consent of the
parties. Within fifteen days of the date a new agreement is
signed, the commission shall file a report as provided in
subdivision (2) of this subsection.
Note: WV Code updated with legislation passed through the 2016 Regular Session
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